Retford – 27th July, 2023
New record PBT for a first half – post-pandemic recovery well underway.
Langley Holdings plc, parent company to Bergen Engines AS today published its Interim Trading Statement for the 6 months to 30 June, 2023.
In an upbeat Chairman’s Review of first half trading, Chairman & CEO Tony Langley said that the group had posted a new record Profit Before Tax (PBT) for a first half and was continuing its post-pandemic recovery.
The group recorded a PBT of €52.2 million for the 6 months to June and is forecasting €125 million for the full year, on revenues of €1.3 billion.
Net assets rose to €873.4 million, up from €844.4 million at June 2022. Consolidated cash stood at €248.4 million.
To download Langley Holdings plc Interim Trading Statement for the 6 months ended 30 June 2023, including Key Highlights and Chairman’s Review, click here
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About Langley Holdings
Langley Holdings plc is a privately owned UK-based engineering and industrial manufacturing group, principally producing capital equipment for diverse markets worldwide. Langley businesses are either outright market leaders, or occupy strong niche positions in their respective fields, providing advanced technologies in a solutions-based approach. The group operates in three principal areas: Power Solutions, Print Technologies and Other Industrials. The group’s operations are based in Germany, Italy, France the UK and Norway, with 18 production facilities in Europe, Scandinavia, the UK and the USA. The group has more than 90 sales and service subsidiaries worldwide and employs over 5,000 people. Langley Holdings was established in 1975 by the current Chairman & CEO, Anthony Langley and remains entirely in family ownership.
About Bergen Engines
Bergen Engines produces medium speed liquid and gas fueled engines and generator sets supplied to a broad range of land based, commercial marine and naval customers. The Bergen name is a watchword for quality and reliability in its field.
The tradition of engineering in Bergen, Norway, dates back to 1855 when the original company Bergen Mekaniske Verksted (BMV) was founded. In 1946 the company built its first diesel engine and has since commissioned over 7,000 of its iconic liquid and gas fueled engines. More than half of them are still in operation today, such is the quality and reliability of a Bergen engine.
From 1999, Bergen Engines AS was owned by Rolls-Royce plc. On 31st December 2021, the company was sold to the privately owned engineering and industrial group, Langley Holdings plc. Bergen Engines is a member of the group’s Power Solutions Division, along with the Italian Marelli Motori and German Piller Power Systems subsidiaries.